New Mexico Statutes > Chapter 19 > Article 9 – Lease of Coal Lands
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Terms Used In New Mexico Statutes > Chapter 19 > Article 9 - Lease of Coal Lands
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.